Examlex
Theories that claim good leadership skills depend on various situational factors, such as the structure of the task and the willingness of the followers, were better at explaining leader effectiveness than either the trait approach or the behavioral theories of leader effectiveness.
Absolute Income Gap
The absolute income gap measures the difference in income levels between individuals, households, or groups, without considering relative changes over time or comparisons.
Capital Flight
The sudden and large-scale withdrawal of capital or assets from a country due to economic or political instability.
"Brain Drain"
The emigration of highly trained or qualified people from a particular country.
Aggregate Demand
A schedule or curve that shows the total quantity of goods and services that would be demanded (purchased) at various price levels.
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